Today, both China Tourism Group Duty Free and IFBH directly gave me a -6.6%. To be honest, my recent performance has been really poor. I don’t dare to sell at low valuations, and I’m reluctant to add positions at high levels.
Although Mixue Group’s stock has stabilized recently, institutional sentiment is a bit cold, and market sentiment is hesitant to push higher. The newly listed Dongpeng Beverage has a bunch of big backers, and it’s already going crazy right after its IPO. I’m really afraid it’s another round of institutions harvesting retail investors.
Now, watching the market rebound, I feel like I still need to hold onto my wallet tightly. The market hasn’t reached the point where it’s time to go all-in yet.
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